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Vaccines Will Be The ‘Most Important' Economic Policy This Year, IMF Chief Says
Yes, some people are determined to continue the farcity of the Chinese virus lockdown and shutdown inspired mentality, which (natch) just might continue into NEXT YEAR!!! Behold the unpersuasive and tendentious argument coming from one of the smuggest-looking broad bureaucrats since her boss showed her self-satisfied ugly puss onto the political scene: [CNBC] - LONDON — Vaccine policy will top all other economic polices this year as the world tries to recover from the coronavirus crisis, International Monetary Fund chief Kristalina Georgieva said Wednesday at CNBC’s Global Evolve Summit. "Vaccine policy this year, probably next year, is going to be the most important economic policy, may beat even monetary and fiscal policy in terms of significance," Georgieva told CNBC’s Geoff Cutmore. "A prerequisite to bring the world to a sustained high level of growth everywhere is to vaccinate all people and that’s not yet done. We have [a] two track vaccination path right now; we have to overcome that," she said. The IMF said in April that the end of the crisis was "increasingly visible." At the time, the institution raised its economic projections for the global economy based on higher vaccination rates and the ongoing monetary and fiscal stimulus. As a result, the IMF projected a global GDP growth of 6% for this year and 4.4% next year. But the forecasts are heavily dependent on how vaccination programs evolve, including in low-income nations. And we all know just how reliable forecasts of all stripes have performed in the past year, don't we? Posted by: Raj 2021-06-17 |
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